Rolling Greens will roll into Arts District with 64K sf lease

Los Angeles /
Mar.March 23, 2017 05:30 PM

Maybe the grass is greener in the Arts District after all.

Rolling Greens, the Los Angeles nursery chain known for high-end plant arrangements, will soon call the hip neighborhood its third home.

The luxury greenhouse and home accessories retailer, founded by Greg Salmari, has inked a five-year lease for a 64,000-square-foot former scrap metal yard on Mateo Street. The lease has two five-year renewal options after it ends.

The leased property contains two unenclosed metal sheds and a plot of land, according to JLL’s Paul Park, who represented Rolling Greens in the deal. Though plans are not finalized, the nursery will most likely build sheltering structures within the metal sheds — a “box-in-box” approach,” he told The Real Deal.

The owners, private investor Julie Kwon and her partner, were represented by David Brandt of Lee & Associates. Kwon originally considered a creative office conversion for the property, which spans 1.7 acres, but opted to lease instead, Park said.

There is one remaining metal structure on Kwon’s property that she did not lease out.

Rolling Greens will pour at least $1 million into building out its new space, Park added.

The trendy plant shop has one outpost in Culver City on Jefferson Boulevard and another in Fairfax on Beverly Boulevard.

Just a half-mile north, the At Mateo retail and creative office development is in the final stages of construction. At 676 Mateo, Maxxam Enterprises is planning a 172-unit live-work complex with about 23,000 square feet of commercial space. And nearby, Carmel Partners is gearing up for an even bigger residential project: a 600-unit condo complex plus 60,000 square feet of commercial space at 520-532 South Mateo Street.


Related Articles

arrow_forward_ios
The San Pedro Fish Market is one of the top-grossing restaurants in the U.S. (Getty, Facebook via San Pedro Fish Market and Restaurant / Photo Illustration by Alison Bushor for The Real Deal)
San Pedro Fish Market plans new “supersize” restaurant
San Pedro Fish Market plans new “supersize” restaurant
The Chateau Marmont (Getty) and protest signs (Unite Here Local 11)
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
Goodman CEO Greg Goodman and a rendering of the facility. (Goodman)
Goodman’s massive logistics center will target e-commerce tenants
Goodman’s massive logistics center will target e-commerce tenants
500 S. Santa Fe Avenue (CEB Construction)
SteelWave buys Arts District office campus for $80M
SteelWave buys Arts District office campus for $80M
California is waiting to adopt the CDC maskless decision. (Getty)
California still says mask up at office, for now
California still says mask up at office, for now
Hudson Pacific Properties CEO Victor Coleman with 3400 Hillview and 3176 Porter (Getty, HPP)
Hudson Pacific posts profit after 2 straight quarters of losses
Hudson Pacific posts profit after 2 straight quarters of losses
Mariposa on 3rd
CGI Strategies secures $42M loan on Koreatown apartment complex
CGI Strategies secures $42M loan on Koreatown apartment complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...